In order for the share capital to be reduced the company would have had to have traded for 3 years and the reduction would have had to be for commercial reasons for the good of the company. If you could not prove this the Revenue could tackle the distribution as income and apply income tax.So why don't you prepare an unaudited set of accounts and find a low cost liquidator? Better still, why not get the company to buy back your shares instead of liquidation?
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